Carlyle Hedge Fund Chief—and Assets—Out
Investors pulled a net $3.7 billion over the last year—with another $1.5 billion on its way out.
Newsmakers
Mark Wiseman Exits CPPIB for BlackRock
The CEO of Canada’s largest public pension will join the world’s biggest asset manager in September.
San Diego Pension Rebuilds Post-OCIO
A new CIO, CEO, and now deputy CIO have taken over after a fraught outsourcing attempt.
USS Head of Credit to Exit
Leandros Kalisperas is leaving the UK pension to pursue a career in politics.
Cliff Asness’ Hedge Funds 101
The AQR chief schools readers on strategy, correlations, beta, and alpha.
Hilton Deputies to Split CIO Duties, No Search Planned
Randy Kim’s abrupt exit Friday leaves the top job vacant—and so it will remain, CIO has learned.
CalPERS Cuts Loose Another Quarter of Its Roster
The $302 billion pension fund said it would look at ‘alternative’ ways to invest in private asset classes, which now account for nearly 90% of its fee spend.
Hilton Foundation CIO Randy Kim Exits
Kim—who spent a decade under David Swensen at Yale’s endowment—split with Hilton Friday, CIO has learned.
Barings Loses CIO Mid-Merger
Ken Lambden has quit just months after the asset manager announced it would merge with three peers to create a $260 billion multi-asset firm.
What to Do With Your Economics Textbooks
Or, “Why Everything You Read During Your Economics Degree Was Wrong.”
Howard Hughes Medical Institute PE Chief to Depart
Mark Barnard will leave the $18 billion endowment in June after a 20-year tenure.
Blackstone Hires Ex-SEC Attorney as Head of Compliance
Marshall Sprung oversaw the enforcement unit that brought charges against Blackstone for its fee practices last year.
Credit Suisse Names New Asset Management Chief
Investment banking and Credit Suisse veteran Eric Varvel will lead the bank’s global asset management business, effective June 1.
Irvine Foundation CIO to Retire
John Jenks will end his nearly 15-year tenure at the $2 billion fund in January, CIO has learned.
Allianz Life Picks Investment VP
Rosanne Kropp will develop and execute US investment strategies for the $100 billion insurer.